The first meeting of MSME Sub Committee of Confederation of Indian Industry (Eastern Region) was held on 4th June, 2016. Mr. Sandip Kumar Neogi, Director, Neogi Technologies & Research Pvt. Ltd. and also a member of the subcommittee attended the meeting. Mr. S.K.Behera, Chairman welcomed all the participating members. It was pointed out that MSME units are mainly suffering from inadequate credit flow and weakness in B2B linkages. For effective B2B linkages, cluster movement was emphasised, thus increasing the strength of connection with each other. Different avenues to strengthen the MSME units were also discussed. Mr. Sandip Kumar Neogi talked on Material Flow Cost Accounting ISO: 14051 (MFCA), a new concept in manufacturing sector. Mr. Neogi in his deliberations emphasised on reduction of material loss which is the basis of MFCA. The meeting was very effective.
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